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Trump confirms that auto tariffs will begin on Thursday, May 3, and auto parts on Friday, May 4.

The administration of U.S. president Donald Trump confirmed on Wednesday that the 25% tariffs on global cars and trucks will go into effect on Thursday as planned and that duties on imports of automotive parts will begin on May 3.

In a Federal Register announcement that added details to Trump's proclamation on auto tariffs issued last week the White House instructed the Commerce Department within 90 days to set up a process for adding more parts, including those requested by domestic producers.

According to the Federal Register, the 25% auto tariffs will take effect on Thursday at 12:01 am EDT. The 25% tariffs for auto parts are set to take place on May 3 at 12:01 am EDT.

The list of parts currently contains dozens tariff codes, including engines, transmissions powertrains, and electrical components. However, domestic producers can request to be added to the list.

The notice stated that importers could pay 25% duty only on the non-U.S. portion of their order for vehicles which qualify under the U.S. Mexico Canada Agreement's rules of Origin. Reporting by Doina chiacu in Washington and David Lawder Editing by Matthew Lewis

(source: Reuters)